Forecast: 2010 will be a turning point

  • 2010-01-07
  • By Rokas M. Tracevskis
VILNIUS - Although for the average Lithuanian the year 2010 is expected to be more difficult than 2009, Lithuania’s businesses will start to recover in the second half of 2010 due to a recovery in foreign markets. Some 60 percent of Lithuania’s GDP is related to exports. The Vilnius-based Free Market Institute forecasts that Lithuanian exports will grow by 5 percent in 2010.The year 2010 will be very good for export-related businesses including the IT and telecommunications sector as well as for agriculture, while the construction business, retailers and restaurants will c...
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